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PNC Financial to Exit Full Investment in BlackRock – The Wall Street Journal

Impact team
Written by Impact team
  1. PNC Financial to Exit Full Investment in BlackRock  The Wall Street Journal
  2. PNC Financial Services Intends To Sell Investment In BlackRock  Nasdaq
  3. BlackRock’s biggest investor PNC sells its stake after 25 years  The Straits Times
  4. US Futures Consolidating, Watch PNC, BLK, TSLA, DUK, IFF  Action Forex
  5. View Full Coverage on Google News

BlackRock Inc.’s largest shareholder, PNC Financial Services Group Inc., said it is exiting its stake in the firm, ending a lucrative yearslong wager on the world’s largest money manager.

PNC Financial Services Group Inc. currently owns a roughly 22% stake in BlackRock.

PNC bought BlackRock in 1995 for roughly $240 million, but its stake…

Source: wsj.com

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